Investors focused on the Medical space have likely heard of Intuitive Surgical (ISRG), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.
Intuitive Surgical is a member of the Medical sector. This group includes 841 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ISRG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ISRG's full-year earnings has moved 1.27% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ISRG has moved about 7.54% on a year-to-date basis. At the same time, Medical stocks have gained an average of 3.81%. As we can see, Intuitive Surgical is performing better than its sector in the calendar year.
Breaking things down more, ISRG is a member of the Medical - Instruments industry, which includes 90 individual companies and currently sits at #71 in the Zacks Industry Rank. On average, stocks in this group have gained 9.29% this year, meaning that ISRG is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Medical stocks should continue to track ISRG. The stock will be looking to continue its solid performance.